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excelsior gold ltd (EXG) Details

Excelsior Gold Limited, together with its subsidiaries, engages in the exploration and development of gold properties in Western Australia. It primarily holds 100% interest in the Kalgoorlie North Gold Project covering approximately 113 square kilometers of granted mining leases and prospecting leases located to the north of Kalgoorlie in Western Australia. The company is based in North Fremantle, Australia.

excelsior gold ltd (EXG) Key Developments

Excelsior Gold Limited announced audited consolidated earnings results for the half year ended December 31, 2014. For the period, the company’s loss before income tax was AUD 1,983,813 compared to AUD 1,454,609 for the same period a year ago. Loss for the year attributable to the owners of the company was AUD 1,972,563 or 0.46 cents per basic share compared to AUD 959,503 or 0.24 cents per basic share for the same period in the last year. Net cash outflow from operating activities was AUD 1,023,992 compared to AUD 249,098 for the same period in 2013. Payments for plant and equipment were AUD 2,884 compared to AUD 24,495 for the same period in 2013. Payments for exploration and evaluation were AUD 1,898,976 compared to AUD 2,534,983 for the same period in 2013.

Excelsior Gold Limited, Annual General Meeting, Nov 28, 2014

Oct 30 14

Excelsior Gold Limited, Annual General Meeting, Nov 28, 2014., at 10:00 W. Australia Standard Time. Location: Unit 2, 124 Stirling Highway,. Agenda: To receive and consider the financial statements of the company and the reports of the Directors and Auditors for the financial year ended 30 June 2014; to consider, and if thought fit, to pass with or without amendment the following as an ordinary resolution: "That for the purposes of section 250R(2) of the Corporations Act and for all other purposes, Shareholders adopt the Remuneration Report set out in the Directors' Report for the year ending 30 June 2014."; to consider, reelection of Peter Bird as Director; to consider ratification of prior option issue; to consider ratification of prior share issue; to consider approval of the excelsior gold incentive scheme; to consider issue of securities under the excelsior gold incentive scheme to Mr. Peter Bird, Mr. David Hamlyn, Mr. David Potter, Mr. Chen Chik (Nicholas) Ong; and to consider the approval of 10% placement facility.

Excelsior Gold Limited announced unaudited consolidated earnings results for the year ended June 30, 2014. For the year, the company’s loss before income tax was AUD 2,360,086 compared to AUD 2,416,916 for the same period a year ago. Loss for the year attributable to the owners of the company was AUD 1,884,980 or 0.46 cents per basic share compared to AUD 1,751,646 or 0.46 cents per basic share for the same period in the last year. Net cash outflow from operating activities was AUD 957,198 compared to AUD 625,671 for the same period in 2013. Payments for plant and equipment were AUD 24,495 compared to AUD 115,580 for the same period in 2013. Payments for exploration and evaluation were AUD 3,463,019 compared to AUD 6,733,274 for the same period in 2013. Revenue from continuing operations was AUD 118,921 compared to AUD 335,880 for the same period in the last year.

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